Digital Currency
Add as a preferred source on GoogleThe reported tally combines the two tokens across multiple decentralized finance venues rather than measuring a single pool.
The reported tally puts the value of Tether USDt (USDT) and USDT0 held at decentralized finance (DeFi) venues at $5.8 billion. Aave accounted for 66.4% of that amount, the largest share among the venues counted.
The figure covers deposits of both tokens across multiple venues. It describes Aave’s share of that two-token total, not its share of all deposits in DeFi.
USDT is widely used as a liquidity source in DeFi. Aave is a crypto lending and borrowing platform.
The snapshot counted funds held in DeFi venues such as lending pools, not all stablecoins in circulation.
The proposed markets have not launched and aim to make decentralized finance products more predictable while increasing liquidity.
UNI gives holders voting power over decisions concerning Uniswap Protocol.
